Buying a Home in Need of Repair with an FHA Section 203(k) Loan

Some houses listed for sale are not in top condition because of one or more needed repairs. These homes may linger unsold as prospective buyers perceive the repair issue as a major hurdle. Prospective home buyers can broaden their home search by including homes in need of repair that qualify for an FHA section 203(k) mortgage. An FHA section 203(k) mortgage differs from a regular FHA section 203(b) mortgage in that an allowance is made for the cost of needed repairs. [Read More]

3 Questions to Ask Yourself Before Refinancing Your Home

If you have a mortgage on your home, you might be considering refinancing the home. In some instances this is a great option that can save you money. In other cases, it is best to stick with your current lender and rate. The key is knowing what the best choice is for you. Here are some questions you can ask yourself before refinancing your home. Would We Have to Pay Closing Costs Again? [Read More]

2 Things You Should Know Before Investing In Real Estate

Would you like to invest in real estate and become a landlord in the near future so you can begin earning a passive income? If so, you may not know how to get started, especially if you have never invested in real estate before. If you take the right steps and do not rush into the process, you can have success as a real estate investor. 1. Choose the Property Wisely [Read More]

Want To Buy A Home But Worried About Your Credit? What To Know

If you have decided you want to take out a home loan and you aren't sure if your finances are in a good enough state to purchase a house, there are a few things you'll want to look into. It can be difficult to get a mortgage if you haven't been financially responsible in the past and if you aren't good at making payments on time. Your credit score is going to have a big impact on whether or not you can get approved for a home loan, but some other factors will apply as well. [Read More]